The government is expected to take a decision tomorrow on the issue of allowing foreign airlines to buy up to 49 per cent stake in cash-starved Indian carriers.
Union Commerce and Industry Minister Anand Sharma has protested, on behalf of the corporate sector, against the Union environment and forests ministry's 'unreasonable environment regulations' being clamped on the industrial projects.
The immediate trigger is the environment ministry's latest policy of asking corporates to mandatorily commit five per cent of project investments in environment protection measures.
While Federation of Indian Chambers of Commerce and Industry extended an all-out support to the government, Confederation of Indian Industry recommended 'a calibrated approach for introducing FDI in the retail sector in terms of the percentage and minimum capitalisation requirements'.
Asian Games silver medal-winning sailor Sweta Shervegar, a qualified homeopath, dons a PPE kit to become a COVID warrior in Mumbai.
Referring to the concerns raised by industry captains and others during the meeting, Gujral admitted that the weakening Rupee is hurting importers.
As per the procedure of World Trade Organisation, consultation is the first stage of a complaint filed with the global trade body.
Though assembly elections in Madhya Pradesh are almost one and a half years away, the Opposition Congress, which is looking to prevent the Bharatiya Janata Party from scoring a hat-trick in the state, appears to be divided on the issue of chief ministership. A section of the party led by Union Minister of State for Commerce and Industries Jyotiraditya Scindia favoures contesting the polls under the leadership of tribal leader Kantilal Bhuria.
The retail company has sought approval to invest Rs 10,500 crore to set up single-brand retail stores in the country.
The proposed India-European Union free trade agreement (FTA), which seeks to liberalise trade in goods and services, could be materialised by this year, EU Ambassador to India Joao Cravinho has said.
Development issues of vital interest to India are expected to receive focused attention at the G20 Summit beginning in Cannes on Wednesday, a Ficci Paper on the B20 Working Group on Development said.
Indians want to have a little more clarity and certainty before they invest, says Naina Lal Kidwai, Executive Director, HSBC Limited and Country Head, HSBC India.
The BCCI's disciplinary committee, probing charges of alleged financial irregularities against suspended IPL Commissioner Lalit Modi, will submit its report by early October.
Decline 10 per cent, imports down five per cent, confirming sluggishness in domestic economy.
India's commerce and industry minister Anand Sharma said that from 2012 the country would be able to attract 50 billion dollars annually.
In July 2011, the country had received foreign investment worth $1.10 billion.
Well aware that the government cannot control inflation through RBI's monetary tools only, the Centre tried to inbuilt a supply-augmenting mechanism in the economy by opening multi-brand retail to 51 per cent FDI, but vehement opposition from the Opposition and even some of the United Progressive Alliance allies forced it to hold back the decision.
Commerce and Industrial Promotion minister Anand Sharma's rise in government has been dizzying, which is why his current setback is also precipitous. Ahead of the cabinet meeting that took place after Sharma's project -- to ensure the approval of Foreign Direct Investment (FDI) in retail -- was given the thumbs down, his colleagues are asking some searching questions and seeking some hard answers.
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
Requirements on minimum size, contiguity and vacant stretches to be eased; MAT and DDT to stay
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
The government has announced several incentives for exporters to explore new destinations under focus market and focus product scheme.
The recent Cabinet decision to allow 51 per cent foreign direct investment in the multi-brand retail sector in India has deeply divided the nation's political, social and trading classes.
Reminding the UPA-II government about the need to reverse the negative perception of a 'decision-making paralysis', industry body Assocham has made a pitch for second-generation reforms in various sectors, including finance, banking, taxation and agriculture.
Commerce and Industry Minister Anand Sharma on wednesday said the Reserve Bank of India would have to step in to stem the downslide of rupee.
ICT products make up a minuscule $ 407 million, out of the $ 35.54 billion of total inbound shipments from the US, as of now.
Bilateral trade between India and Pakistan may touch USD 10 billion by 2015, if trade and investment barriers are removed, CII said.
These core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production.
There are more than 5,000 family businesses across the Kingdom, of which only 156 are listed on the Saudi bourse, according to Jeddah Chamber of Commerce and Industry chairman Saleh Kamel.
The government has set a direct tax collection target of Rs 13.35 trillion, which includes Rs 7.66 trillion from corporation tax and Rs 5.69 trillion from personal income tax.
The RBI is scheduled to review its short-term lending rates on Tuesday, amidst apprehensions that it may not go in for interest rate cut even as the pause on the hikes may continue.
Around 55 per cent of land in the 36 operational special economic zones (SEZs) in Tamil Nadu is lying vacant owing to various reasons, including the recent economic slowdown.
Loss of confirmed orders, increase in wages and labour shortage were blamed on the scheme in a survey of 100 companies from diverse sectors.
Swadeshi Jagran will be leading the delegation on a multi-city tour, expected to start on September 21. The week-long trip will include meetings with industry bodies and government agencies.
India and the United States on Wednesday agreed to fast-track technical negotiations for early conclusion of a Bilateral Investment Agreement during a meeting between Commerce and Industry Minister Anand Sharma and US Trade Representative Ron Kirk.
"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
This is despite a Federation of Indian Chambers of Commerce and Industry survey showing more players were optimistic on a recovery in manufacturing in the last quarter of 2011-12.
Leveraging the India-ASEAN Free Trade Agreement, India wants to double its commerce with Myanmar and diversify the bilateral engagement to agro-research and natural gas exploration.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
A group of ministers, headed by Agriculture Minister Sharad Pawar, has been formed to resolve inter-ministerial differences stalling the national manufacturing policy which aims at giving a boost to the sector.
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